YB

0.230

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING YB VENTURES BERHAD (FORMERLY KNOWN AS YI-LAI BERHAD) ("YBVB" OR THE "COMPANY") PROPOSED RIGHTS ISSUE

YB VENTURES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
YB VENTURES BERHAD (FORMERLY KNOWN AS YI-LAI BERHAD) ("YBVB" OR THE "COMPANY")

PROPOSED RIGHTS ISSUE

For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company’s announcement in relation to the Proposed Rights Issue dated 4 March 2021.

 

We refer to the Company’s announcement dated 4 March 2021 and its subsequent announcements in relation to the Proposed Rights Issue.

 

On behalf of the Board, KAF IB wishes to announce that Bursa Securities had, vide its letter dated 8 June 2021, resolved to approve the following:-

 

(i) admission to the Official List and the listing of and quotation for up to 1,213,082,625 new ICULS to be issued pursuant to the Proposed Rights Issue on the Main Market of Bursa Securities; and

 

(ii) listing of and quotation for up to 1,213,082,625 new YBVB Shares on the Main Market of Bursa Securities to be issued upon the conversion of ICULS.

 

The approval by Bursa Securities for the Proposed Rights Issue is subject to the following conditions:-

 

(i) Approval by the SC for the Proposed Rights Issue;

 

(ii) YBVB and KAF IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Rights Issue;

 

(iii) YBVB and KAF IB to inform Bursa Securities upon the completion of the Proposed Rights issue;

 

(iv) YBVB and KAF IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue is completed; and

 

(v) YBVB to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of the ICULS as at the end of each quarter together with a detailed computation of listing fees payable.

 

 

This announcement is dated 8 June 2021.






Announcement Info

Company Name YB VENTURES BERHAD
Stock Name YB
Date Announced 08 Jun 2021
Category General Announcement for PLC
Reference Number GA1-08062021-00106